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Dec 23, 2012
12/12
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so he said: i was once told by the head of a prestigious think tank in washington, d.c. that the think tank's board was very unlikely to fund any work that had income or wealth inequality in its title. yes, they would finance anything to do with poverty alleviation, but any quality was an altogether -- inequality was an altogether different matter. why? because my concern with the poverty of some people actually projects me in a very nice, warm glow. i am ready to use my money to help them. charity is a good thing, a lot of egos are boosted by it, and many ethical points earned even when only tiny amounts are begin to the poor. but inequality is different. every mention of it raises, in fact, to the issue of appropriateness or legitimacy of my income. and i think that's absolutely true. and that's why even when you have a discussion about the general issue of income ine wagty -- inequality, once you start saying, actually, a lot of action is in the top 1% or the top 0.1%, people get really anxious. and actually one of my nicest moments so far with the publication of my b
so he said: i was once told by the head of a prestigious think tank in washington, d.c. that the think tank's board was very unlikely to fund any work that had income or wealth inequality in its title. yes, they would finance anything to do with poverty alleviation, but any quality was an altogether -- inequality was an altogether different matter. why? because my concern with the poverty of some people actually projects me in a very nice, warm glow. i am ready to use my money to help them....
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Dec 23, 2012
12/12
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WBAL
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people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distressful to watch both sides yell at each other. i feel sorry for speaker boehner. i've seen sop of your colleagues who are a little unreasonable and i dare say some democrats who are unraeasonable. what does it take to make them come together if they can't come together at this moment as close as they are. >> durable goods is up, the housing market is beginning to come back. the market is poised. but the stock market is going to react. i can't previous district, don't have the knowledge, no one does, as to what exactly is going to happen but chuck is right. the white house should get over its upset wit
people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distressful to watch both sides yell at each other. i feel sorry...
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Dec 23, 2012
12/12
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there is a related headline from "the washington post." chicago is grappling with its own gun violence. gloria is on the phone from sheridan, wyoming, independent line, good morning. caller: good morning, i don't believe in assault weapons. i do have several other points and hopefully i will not get cut off, i will make them >>. we mentioned a second an amendment but we don't mention what is behind that and what are far the -- our founding fathers did not want was basically a government where the citizens were unarmed and the government was so powerful it could kill people. it is not just for hunting. it is for personal protection from foreigners that might come in. it could be terrorists or our own government turning on us. we always think we are protected because we have the freedom but just like reagan and some of them have said, we are always one step away from losing those freedoms. that is one thing to be said. the other thing is that i believe the entertainment industry is a lot to blame in many ways. we have the violent video games
there is a related headline from "the washington post." chicago is grappling with its own gun violence. gloria is on the phone from sheridan, wyoming, independent line, good morning. caller: good morning, i don't believe in assault weapons. i do have several other points and hopefully i will not get cut off, i will make them >>. we mentioned a second an amendment but we don't mention what is behind that and what are far the -- our founding fathers did not want was basically a...
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Dec 23, 2012
12/12
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MSNBCW
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the question is becomes can washington still govern itself? there's a growing realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and for that matter undermines what we see ourselves going forward and finally for the life of me as someone who served there, so distressful to watch, watching both sides yelling at each other, i feel sorry for speaker boehner, some of your colleagues are a little unreasonable and some democrats are unreasonable but as someone who loves the country and wants us to go forward, have you to wonder what does it take for them to come together if they can't come together? >> durable goods up, personal growth, housing market coming back and the economy is poised, but the markets, the stock market is going to react. i'm not going to predict-can't predict and don't have the knowledge, no one does as to what exactly is going to happen. chuck is right. they should go -- the white house should get over its upset with boehner and help bail him out. one
the question is becomes can washington still govern itself? there's a growing realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and for that matter undermines what we see ourselves going forward and finally for the life of me as someone who served there, so distressful to watch, watching both sides yelling at each other, i feel sorry for speaker boehner, some of your colleagues are a little unreasonable and some...
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Dec 23, 2012
12/12
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washington? >> guest: i miss the little bit of power you have when you're a government office because no matter how small the agency and how miniscule the power, when people at goblins, you can sometimes help them. as far as the commission is concerned, i miss being able to bring people who no one heard from, no one would listen to and listen to what they have to say. >> host: is is your third, fourth book? >> guest: know, i've written many more books than not. probably nine or 10 books. >> host: is there another one coming? >> guest: another one right now. the topic is what does it mean mean -- it is on voter fraud. i found documents from a place in louisiana of all places, where they seem to have had a persistent record of voter fraud from an 18th century until now. it's bipartisan and so i was given some record from the voter fraud that goes down there that no one else has. and so i've been reading them. so this book would be if you really want to see voter suppression, here is voter suppressi
washington? >> guest: i miss the little bit of power you have when you're a government office because no matter how small the agency and how miniscule the power, when people at goblins, you can sometimes help them. as far as the commission is concerned, i miss being able to bring people who no one heard from, no one would listen to and listen to what they have to say. >> host: is is your third, fourth book? >> guest: know, i've written many more books than not. probably nine...
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Dec 23, 2012
12/12
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but of course the hard work probably won't get done until lawmakers return to washington. that is expected to happen after the christmas holiday. now, this was, of course, a big topic of conversation on all of the morning shows. here's what senator lindsey graham had to say on "meet the press" earlier. take a listen. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. we had the same objective of lowering taxes. i like simpson bowles, eliminate taxes, lower the rates, put money on the debt. >> senator graham calling for compromise there. an interesting factoid, alex. the last time members of congress worked between christmas and the new year's was 1996, and that was of course during the government shutdown. it gives you a sense of just how rare and unique this situation is. of course there is a lot of pressure on congress, on the president to get something done, because if the country does go over the fiscal cliff, a lot of economists have warned that it could send the economy back into recession. but more i
but of course the hard work probably won't get done until lawmakers return to washington. that is expected to happen after the christmas holiday. now, this was, of course, a big topic of conversation on all of the morning shows. here's what senator lindsey graham had to say on "meet the press" earlier. take a listen. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. we had the same objective of lowering taxes. i...
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Dec 23, 2012
12/12
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CSPAN
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host: charles in bosier city, louisiana, you're on the washington journal with stephen dinan of the washington times. caller: merry christmas to y'all. first comment, i just want to know if we're going to get our social security increased. my second comment, and please let me finish on this point. there's a bill in the senate to give the folks of new jersey and new york a $60 billion in cast in disaster relief. i want the people of new york and new jersey to get every penny they need. but this country is broke. mr. coast, the senator from louisiana has brought a billiton -- a bill to the floor. he is a republican -- say hey, wait just a minute let's give you about $17 billion and then all this pork that's in this bill. it is loaded down with pork right now. loaded. harry reid put all kinds of pork in it. like i say, give them the $17 billion and then in about 90 days, come back and see what else the folks need in that area. but i don't believe -- if one republican votes for that $60 billion, every one of them ought to be thrown out for treason in the republican party. host: this is the headlin
host: charles in bosier city, louisiana, you're on the washington journal with stephen dinan of the washington times. caller: merry christmas to y'all. first comment, i just want to know if we're going to get our social security increased. my second comment, and please let me finish on this point. there's a bill in the senate to give the folks of new jersey and new york a $60 billion in cast in disaster relief. i want the people of new york and new jersey to get every penny they need. but this...
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Dec 23, 2012
12/12
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and that's what i hoped we could do here in washington. maybe naively i went to work in the house, often working with the heritage foundation to create a better product here in washington. i saw social security, and not many people look below the surface, but we knew it was going broke. we knew we were taking in money that people were paying for this social security retirement benefit, but we were spending it all. and i thought, what an opportunity it would be for future generations, for my children, if we actually saved what people were putting into social security for their retirement. and you didn't have to do too much math to see that even for middle-class workers that americans could be millionaires when they retired if we even kept half of what was put into social security for them. it seemed like a good idea to create wealth and independence for individuals in retirement. but we made it a political idea and somehow convinced americans that it was riskier to save their social security contribution than it was just to spend it. i'm le
and that's what i hoped we could do here in washington. maybe naively i went to work in the house, often working with the heritage foundation to create a better product here in washington. i saw social security, and not many people look below the surface, but we knew it was going broke. we knew we were taking in money that people were paying for this social security retirement benefit, but we were spending it all. and i thought, what an opportunity it would be for future generations, for my...
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Dec 23, 2012
12/12
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FOXNEWSW
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>>heather: thank you from washington, dc, steve. >>gregg: president obama spending the christmas holiday in hawaii, a somber moment as the president and the first lady attended a memorial service for daniel inouye, the decorated world war ii veteran and long-serving united states senators who passed away on monday. chief white house correspondent ed henry is live in honolulu. ed? >>reporter: the president gave the eulogy on friday in washington, dc, talking about growing up here in hawaii in the early 70's and seeing then young senator inouye lead the watergate hearings and president obama saying that was one of the earliest political inspirations looking up to that decorated world war ii veteran who continued his public service for some 50 years in the united states senate. a short time ago, senate majority leader harry reid was speaking at the national memorial cemetery of the pacific where senator inouye will be laid to rest. he talks about how senator bob dole came to the capitol last week to pay his last respects to inouye. >>
>>heather: thank you from washington, dc, steve. >>gregg: president obama spending the christmas holiday in hawaii, a somber moment as the president and the first lady attended a memorial service for daniel inouye, the decorated world war ii veteran and long-serving united states senators who passed away on monday. chief white house correspondent ed henry is live in honolulu. ed? >>reporter: the president gave the eulogy on friday in washington, dc, talking about growing up...
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Dec 23, 2012
12/12
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not washington but on this end. there's recap for a second, if you will. the laffer curve that you game famous for. that's your theory on tax rates and revenue and it shows, the laffer curve, if you have a tax rate of zero obviously you correct zero revenue to run the government. if you have a tax rate, your theory holds of 100%, you also probably collect zero in revenue because you've disincentivized people to get to work. somewhere in your curve is the sweet spot of the tax rate that would allow for the most revenue. what is that sweet spot? >> i don't know where it is exactly, obviously. but i know the laffer curve, the operation in the upper income groups is much more sensitive to tax rate hikes that the lower ranges. rich people have all sorts of options available to cut back on taxes. hire lawyers, accountants, deferred income specialists, congressmen, senators. so when you raise tax rates on the rich you almost always get less revenue and cause the economy to collapse. it makes no sense raising tax rates on the highest income offers. >> what will ha
not washington but on this end. there's recap for a second, if you will. the laffer curve that you game famous for. that's your theory on tax rates and revenue and it shows, the laffer curve, if you have a tax rate of zero obviously you correct zero revenue to run the government. if you have a tax rate, your theory holds of 100%, you also probably collect zero in revenue because you've disincentivized people to get to work. somewhere in your curve is the sweet spot of the tax rate that would...